New and old challenges for Ukraine's rapeseed season for 2023/24

Published 2023년 7월 26일

Tridge summary

In the 2022/23 growing season, the sown area of rapeseed increased by 24% compared to the previous year, but there was a decrease in yield and an increase in losses of winter rapeseed. The share of rapeseed exports increased to over 94%, with a longer export season and a shift towards ground logistics. Additionally, Eastern European countries have agreed to continue banning imports of Ukrainian agricultural products, except for transit, which will impact the export season. However, the decline in rapeseed crop in Australia and the weather in the EU are expected to support the demand for rapeseed from Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Results of 2022/23 MY — sown area of rapeseed - 1435 thousand hectares (+24% by 2021/22 MY), yield (-0.3%), yield (+21%) - loss of winter rapeseed - 13% (the indicator takes into account losses after a rather successful overwintering) — the share of rapeseed exports in the crop exceeded 94% — the export season is untypically extended in time, the rate of rapeseed exports remains higher than last year, starting from October until the end of the marketing year. — there was a partial reorientation of exports to ground logistics – the position of the EU countries has strengthened in the geographical structure of exports – to almost 90% of all exports against 67% in 2021/22 MY, Turkey switched to regular purchases of Ukrainian rapeseed and took the third position in the rating of buyers – rapeseed products: 2023/24 MY – the countries of Eastern Europe (Romania, Bulgaria, Poland, Hungary, Slovakia) agreed to continue the ban on imports of agricultural products from Ukraine after ...

Source: Oilworld